Sage in running to buy MYOB

Global accounting software giant puts in bid

Sage has confirmed it is bidding for MYOB, which was put up for sale recently by its owners, private equity firms Archer Capital and HarbourVest Partners.

The two firms acquired MYOB in 2008.

MYOB was founded in Australia in 1991 and was listed on the Australian Stock Exchange in 1999. It has a strong following in Australia and New Zealand, and customers around the world.

Among its founders was Craig Winkler, who recently took a stake in Xero.